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Answer Upon - How Much is a Great Independent Financial Consultant Really Worth?
If you want to write persuasive copy for your website (and there is no better form of natural SEO) then you might want to study the work of Claude Hopkins. Hopkins was famous for his careful considerate copy that outlined every aspect of a product's virtues. Rather than just creating an ad of about two or three lines he would create a small essay. In this Internet world where both people and search engine spiders prefer to read well-written articles you can certainly learn from following his examples.Claude Hopkins writings have recently come into the public domain and there are all kinds of self styled Internet gurus on Clickbank and elsewhere selling compilations of his best work. Gurus that are selling his stuff include Yanik Silver, Roy Williams, Brian Tracy, Denny Hatch, Michael Masterson, Jay Abraham, David Ogilvy, Dan Kennedy, Gary Halbert, Ted Nicholas,
Debt management fees can vary vastly from one company to another. Knowing what to look for and ask when seeking help through debt management will leave you better off by not making the mistake of working with an unscrupulous agency that charges excessive upfront fees or can’t disclose or won’t disclose why they have structured their fees as they have.Many debt reduction agencies operate as a non profit organization so why are they charging fees? As a non profit organization there still needs to be a form of income that helps offset the expenses of the particular agency. This is usually accomplished through a nominal monthly fee that an agency charges to their clients. Several states have put a cap on the maximum fee that may be charged in an individual’s certain state of residence. This prevents an agency from abusing their fee structure. Not all debt reduction co
Using this as a benchmark, let’s break down what this figure means to you as a client. It’s highly unlikely that a financial consultant has clients that all have accounts of $1 million or more, so let’s assume that he or she does not accept clients with less than U.S. $250,000. This could create a hypothetical tier of clients as follows.
# of Clients Account Size Cumulative Assets
20 U.S. $250,000- $500,000 $ 7,000,000
50 U.S. $500,000- $1,000,000 $32,000,000
7 U.S. $1,000,000 + $11,000,000
77 $50,000,000
So it’s fairly reasonable to think that a successful financial consultant has 77 clients with U.S. $50,000,000 of assets under management.
Now let’s calculate how many hours a year this financial consultant will devote to your accounts. There are 52 weeks a year * 5 days/week * 8 hours a day= 2,080 hours a year that he or she will devote to his/her accounts, assuming that he/she takes no vacation or holiday days. Most firms will tell their consultants to spend about 75% of all of their time every day engaged in sales activities. So that leaves 25% of the tim
Do you know the lifetime value of a customer? If you knew, you would take better care of your customers. Good customers are like comic books and baseball cards. Who would have thought they would become so valuable over time. The better we take care of them, the greater value they yield. It makes me wonder how much Spider-Man or my Mickey Mantle card might be worth on eBay today.Customer Life Time Value CalculatorI was working with a client, when the question came up about the value of a customer. I created a simple equation that calculated the true value of his customer. It was surprising to learn how much each of his customers was worth to him and his business. We needed two pieces of information to determine the value. We needed to know how much the average customer does with him in a year and we needed to know how long the avera
# of Clients Account Size Cumulative Assets
20 U.S. $250,000- $500,000 $ 7,000,000
50 U.S. $500,000- $1,000,000 $32,000,000
7 U.S. $1,000,000 + $11,000,000
77 $50,000,000
So it’s fairly reasonable to think that a successful financial consultant has 77 clients with U.S. $50,000,000 of assets under management.
Now let’s calculate how many hours a year this financial consultant will devote to your accounts. There are 52 weeks a year * 5 days/week * 8 hours a day= 2,080 hours a year that he or she will devote to his/her accounts, assuming that he/she takes no vacation or holiday days. Most firms will tell their consultants to spend about 75% of all of their time every day engaged in sales activities. So that leaves 25% of the ti
Are you a single mother struggling to make your monthly debt repayments? Did you know that you can use a low interest debt consolidation loan as a powerful first step in taking control of your finances?It’s easy to get so caught up with the busyness and demands of life that we don’t take (or even notice) the simple steps that change our lives for the better; a low interest debt consolidation loan is a simple and powerful action. For most single moms, stress is a way of life and financial stress is an added burden that can make being a parent more difficult than it needs to be.It is easy to fall into the debt trap with emergency medical costs, shoes, clothes and things children need that you just can’t put off. Nevertheless, putting off dealing with your debt problem will only make the situation worse.If you are a single mom, there are five main adva
20 U.S. $250,000- $500,000 $ 7,000,000
50 U.S. $500,000- $1,000,000 $32,000,000
7 U.S. $1,000,000 + $11,000,000
77 $50,000,000
So it’s fairly reasonable to think that a successful financial consultant has 77 clients with U.S. $50,000,000 of assets under management.
Now let’s calculate how many hours a year this financial consultant will devote to your accounts. There are 52 weeks a year * 5 days/week * 8 hours a day= 2,080 hours a year that he or she will devote to his/her accounts, assuming that he/she takes no vacation or holiday days. Most firms will tell their consultants to spend about 75% of all of their time every day engaged in sales activities. So that leaves 25% of the ti
Are you planning to go on a vacation leaving your Internet business?Are you wondering how to manage your online home business in your absence?If you have the facility of an internet access in your vacation place, and your business is fully automated, you will be able to manage. If not, the following tips may be of help to you and you can enjoy your vacation without worries.1. When you plan your vacation think about the vital points of your business and write them down in a paper, such as what all points needed attention. Usually the main points which require attention are handling your customers, replying to their queries and helping them to solve their problems etc. Then comes the ad campaign, tracking the ad, regular surfing for getting traffic etc.2. Identify a person who is trust worthy and computer literate. He should be ready to help you
So it’s fairly reasonable to think that a successful financial consultant has 77 clients with U.S. $50,000,000 of assets under management.
Now let’s calculate how many hours a year this financial consultant will devote to your accounts. There are 52 weeks a year * 5 days/week * 8 hours a day= 2,080 hours a year that he or she will devote to his/her accounts, assuming that he/she takes no vacation or holiday days. Most firms will tell their consultants to spend about 75% of all of their time every day engaged in sales activities. So that leaves 25% of the ti
Are you confused by the flood of information on how to improve your internet marketing results?Mastering the search engines, pay-per-click advertising, affiliate marketing, website design, writing articles, and on it goes.Doesn't it seem more and more complicated to focus in on what really works and what doesn't?After working to build many businesses from the ground up over the last 10 years, it's more clear than ever that there are 2 main principles that will largely dictate your success in any business. All of the other techniques build on these first two principles.Think of these two main principles as the cement pillars that hold up a bridge - without them, no matter how well you construct the bridge, it will still fall down.Focus your energies, time and resources around meeting these two key principles - you will immediately s
Almost all financial consultants place their clients into different tiers depending on how much money is invested with them. The U.S. $1,000,000 or more clients would be “A” clients, the U.S. $500,000-$1,000,000 clients would be “B” clients, and the less than $500,000 clients would be “C” clients. Financial consultants universally devote the most time to the accounts of A clients, then B clients, then C clients. To simplify this example, let’s say that the financial consultant spends twice as much time with his A clients than he does with his B and C clients.
If 520 hours is divided in this manner, his 7 “A” clients each receive 12.38 hours of personalized attention a year, and his 70 “B & C” clients each receive 6.19 hours a year. So on average, as an A client, you would receive an average of 1.5 days a year with personalized attention specifically for your account and as a B or C client, less than a full day a year.
For this level of personal attention you receive from your client, your financial consultant may earn $150,000 to $200,000 a year depending on the payout grid of the firm.
Now let’s consider what an independent financial consultant that de
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